Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 4142

State of Kuwait · Civil Matters — Volume 10 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Statutory interest. Its accrual from the time the debt falls due. Its prerequisite. - Statutory interest. Its nature: compensation for delay in fulfilling an obligation to pay a monetary sum.
Arabic original
الفوائد القانونية. سريانها من وقت استحقاق الدين . مناطه. - الفوائد القانوية. ماهيتها: تعويض عن التأخير في الوفاء بالتزام بمبلغ نقدي.
Original Arabic judgment citations

(الطعن ٣٠٦/٩٥ تجاري جلسة ١٠/٣/١٩٩٧ مج القسم الرابع - المجلد الثالث ص ٣٠٧) (والطعن ٤١٣/٩٦ تجاري جلسة ٢٨/٤/١٩٩٧ مج القسم الرابع - المجلد الثالث ص ٣٠٧)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 10 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 764. PDF pages: 764.

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